With each existing homes data release, the story becomes clearer. The moment for more attainable new homes has arrived.
By John McManus | Builder
Fewer resales available, at higher and higher prices, mean what?
Trulia chief economist Ralph McLaughlin paints a lurid picture with data points in this analysis he titles, “Don’t Call it a Comeback.”
He offers a contrarian take on the numbers, asserting that “home value recovery” is limiting supply, opposite to the view many other observers would take, that limited inventory forces up prices.